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NIOCORP receives extension for construction startup

By Submitted

11/17/2021

NioCorp drill rig at Elk Creek

(KLZA)-- NioCorp Developments has announced that the Nebraska Department of Environment and Energy has granted to NioCorp, an extension until April 4, 2022, as to when construction must be initiated at the Company’s Elk Creek Superalloy Materials Project under the current construction air permit.

The Project’s construction air permit was issued by NDEE on June 2, 2020, and requires that “construction, reconstruction, or modification of the source” be commenced within 18 months of the permit’s issuance. The six-month extension recently granted by NDEE was based on the date of the Company’s October 4, 2021, request for such an extension.

Scott Honan, NioCorp’s Chief Operating Officer, said the company is looking forward to the onset of construction-related activities at the Project site, in compliance with the permit, once sufficient project financing is obtained to proceed.

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